The Yale Corporation, the University’s highest decision-making body, will focus on the recently-revealed academic review capital campaign and other University fiscal matters when it convenes this weekend for its second meeting of the academic year, Yale officials said.
While the Corporation traditionally keeps its agenda secret, University officials said the Corporation is also likely to discuss the University’s new code of ethics and the search for a new vice president of finance.
Graduate School Dean Peter Salovey said the Corporation will most likely discuss the specifics of the academic review capital campaign. The campaign is expected to raise between $200 million and $500 million to fund the implementation of changes recommended by the Committee on Yale College Education last spring and approved by professors last month, Yale President Richard Levin said. The proposals will increase the size of the faculty and augment study-abroad opportunities, among other changes.
“The Corporation has to weigh in on what the boundaries of the capital campaign would be — how big, how long,” Salovey said.
Corporation senior fellow John Pepper ’60 said the University has informed members of the Corporation of major changes that will occur in the undergraduate experience once the University enacts the academic review proposals.
“We’ve kept abreast as a corporation of the key points and key changes,” Pepper said. “We have an opportunity to contribute ideas.”
Yale College Dean Richard Brodhead said there will be a “major presentation” on the academic review at the Corporation meeting following this weekend’s meeting.
Brodhead said in addition to reviewing proposals, the Committee will also discuss some of the budgetary problems the University currently faces, including a projected $30 million budget deficit in the 2004-2005 fiscal year.
Pepper said it is important that the University monitors its spending while remaining true to its academic mission.
“[We] make sure that we achieve savings and do so in a way that doesn’t get in the way of the mission of the school,” Pepper said.
With the financial health of the school on the table for discussion, Yale officials said it is also likely that the meeting’s agenda will include a discussion on the search for a new vice president of finance and administration to replace interim Vice President Bruce Alexander.
Corporation member Roland Betts ’68 said the University is still searching for a replacement.
“It’ll certainly be in discussion, but we’re looking,” Betts said.
Pepper said the Committee will also assess the effectiveness of the Yale University Standards of Business Conduct. The code, released in October, formalized the University’s ethical business policies.
Levin’s recent trip to China might also be a topic for discussion, Pepper said.
The Corporation meeting is a “pretty typical meeting,” Betts said. He said he does not expect any “large,” high-profile topics to be on the agenda. In comparison to the last Corporation meeting in the fall during the labor strikes, this meeting should be less controversial, Betts said.
But Betts said even without an issue such as the strike up for discussion, the Corporation meeting will still be engaging and “fun.”
“The meetings are always lively [and] thoughtful,” Betts said.
University Secretary Linda Lorimer said the Corporation will meet four more times during the school year.